The Social Entrepreneurs’ Fund invests in software and services designed to help low income communities and organizations that serve them. In this episode Liz Luckett, Managing Partner, expands on the way we can use small data to evaluate investment opportunities, the risks of algorithms in large data and how organizations within the fund are already creating impact in the world during COVID-19A Lot of the ways people are collecting information today is not transparent. For example I don’t know what goes into my credit score, I know what the number is, I don’t know what went into it, it’s very hard to figure it out and it changes all the time. People pay to have it monitored and looked at but again it’s a mystery. Because algorithms are so prevalent and opaque they are concerning and they should be increasingly concerning to people because more decisions are being made by an algorithm and I think the need for better data even if you are using algorithms, if those algorithms are alive and they are constantly updated they are probably quite good. To me small data is what is going into a decision and how frequently and often are we updating them. Small data is that constant information that is specific to you.liz Luckett, Managing PartnerTranscript of Interview with Liz LuckettJenelle:Hello and welcome. Thanks for being here with us today, Liz.Liz Luckett:It’s my pleasure.Jenelle:Today we have with us Liz Luckett from the Social Entrepreneurship Fund. She’s the managing partner and you can learn more about the Social Entrepreneurship Fund at tsef.com. Liz, can you tell us a little bit about the Social Enterprise Fund, its mission and your role within it?Liz Luckett:Absolutely, so the Social Entrepreneurs Fund was launched in 2012. We’re on our third fund now and we deploy private capital to addressing [inaudible Jenelle:That’s fantastic and you said you’re in here third fund. Can you tell us a little bit about your portfolio?Liz Luckett:Absolutely. Our portfolio is really in the three areas I mentioned. So we have three investments in our third fund and it is still open those are two FinTech companies and one is in the health tech space and this is a domestic fund only. Previously we invested internationally as well. And our investments are all looking at trying to find scalable solutions that are taking out unnecessary hurdles to people’s lives improving. And we feel like financial services is one of the areas where people are treated in either a predatory or sometimes concessionary manner but neither is a great business model. So we look at companies figuring out ways to serve people responsibly.Liz Luckett:In health, we’re looking at we try and focus around specific disease categories that we think disproportionally affect low income like diabetes or hypertension or obesity. We also look at tele-medicine distance treatments that we think address the problem of most of the professionals being coastal or in cities and you know,